One attorney general has filed multiple lawsuits to keep them out of the hands of teenagers. But first, to our top story. Two years ago, ubers infamous Ceo Travis Kalanick was forced to resign after a series of scandals. Dara khosrowshahi was brought in to rebuild. He has brought in new management and pushed the Company Beyond ridesharing. It has not been entirely a smooth ride. A big ipo Spark Investment but investors were not impressed and has traded at a low price since. I sat down with ubers ceo and began by asking if he had made the right decision to join the company. Dara we have resolved the governance conflicts the company had. There are many issues the company was involved with. As a partnerank and you want them behind you. We have a great investor base. We have taken the company public. Revenue has grown 75 since i joined. We now have a path to profitability. So while we have had bumps on the road, i like the position we are in now for the next years. Emily there have been bu
Pakistan accuses india of turning cashmere into the largest prison on the planet. In north carolina, republicans are hoping an 11th hour pep talk from President Trump will propel them to a special election victory today. The president urged an arena packed with supporters to vote for conservative state senator dan bishop, who is in a tossup battle for a vacant house seat, facing dan macready, a former marine. Both sides say the contest is too close to call. Global news, 24 hours per day on air and on tictoc on twitter, powered by 2700 journalists and over 120 countries. Im Mark Crumpton, this is bloomberg. Its 1 p. M. In new york, 6 p. M. In london, im vonnie quinn and welcome to bloomberg markets. Vonnie from bloomberg World Headquarters in new york, the top stories on the bloomberg and from around the world, we are following Charles Koppelman, President Trump sacking his national because he disagreed strongly with many of his positions. The deputy advisor has been named the acting in
Ey halt e signature sales to teens. First to our top story. Remember friday when trump here by ordered u. S. Companies out of china. Well, if india gets its way, it may welcome apple with open arms. The Indian Government eased Foreign Investment rules in a number of sectors, including manufacturing and retail, a move officials hope will attract Companies Like ale. They hope to start online sales in india within months, and alle and foxcon have been laying the ground work for manufacturing in india. To discuss in los angeles, we have mark, who covers apple for us, and david kill patrick. Tell us exactly what india is doing here and what it might mean for a company like apple . So there have been plenty of reasons why apple has not been very successful in india with some having under a 1 or 2 phone market share. One of those reasons is they have had a hard time bypassing a lot of laws from the Indian Government which are required for certain companieo up shop there to produce a certain a
Silicon valley. Ripples ceo has called Facebooks Libra pitch to lawmakers somewhat presumptuous. We ask how the controversy is impacting the broader Crypto Market. But first to our top story, it is big techs turn, facebook, tesla, alphabet, all reporting secondquarter earnings. Amazon and alphabet reported results thursday. For alphabet it was all about sales and regulation. Our guests weighed in. If you look at the way google gets revenue, about 85 of revenue at google is coming in from the ad business. I think, given the competition they will be facing, you do not want to be in a spot where you have north of 80 of revenue coming from advertising. So i think that they are going to place a bigger emphasis on the Cloud Business. How much success are they going to have . It is hard to say. They have not been able to get out of that third slot, as you have said. They are facing massive competition against microsoft and amazon, who have had a lot of success and who do put significant dolla
Congresswoman Maxine Waters called for the social network to stop development immediately. Says narrow link has successfully in place wires into its brain and enabled a control a computer. First, netflix tumbling after the streaming giant reported a loss of u. S. Customers for the second quarter. Netflix that it lost 130,000 customers in the United States as a result of higher prices and a weaker slate of shows. It is signed up 2. 7 million subscribers globally, also missing projections. Joining us now to discuss the underwhelming results, michael luca, who ofs course covers the company. Michael, this is the first time the company has lost subscribers since they split the dvd and streaming business. What is the type line here . Michael you know, i hate for poor luca, because he actually tweeted that he is tired of talking about this, but i think poor growth probably leads to subscriber loss domestically, and i think they are probably bumping up against a ceiling of what they can chargi